BKEM vs. SPEM
Compare and contrast key facts about BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio Emerging Markets ETF (SPEM).
BKEM and SPEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKEM is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar Emerging Markets Large Cap Index. It was launched on Apr 24, 2020. SPEM is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets BMI. It was launched on Mar 19, 2007. Both BKEM and SPEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKEM or SPEM.
Performance
BKEM vs. SPEM - Performance Comparison
Returns By Period
In the year-to-date period, BKEM achieves a 7.91% return, which is significantly lower than SPEM's 11.48% return.
BKEM
7.91%
-6.20%
-0.88%
12.72%
N/A
N/A
SPEM
11.48%
-4.69%
1.77%
16.33%
4.59%
4.12%
Key characteristics
| BKEM | SPEM | |
|---|---|---|
| Sharpe Ratio | 0.77 | 1.03 |
| Sortino Ratio | 1.16 | 1.52 |
| Omega Ratio | 1.14 | 1.19 |
| Calmar Ratio | 0.39 | 0.69 |
| Martin Ratio | 3.83 | 5.36 |
| Ulcer Index | 3.04% | 2.83% |
| Daily Std Dev | 15.14% | 14.70% |
| Max Drawdown | -39.48% | -64.41% |
| Current Drawdown | -19.68% | -8.90% |
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BKEM vs. SPEM - Expense Ratio Comparison
Both BKEM and SPEM have an expense ratio of 0.11%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between BKEM and SPEM is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BKEM vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio Emerging Markets ETF (SPEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BKEM vs. SPEM - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 2.62%, more than SPEM's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 2.62% | 3.02% | 3.15% | 2.22% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.56% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
Drawdowns
BKEM vs. SPEM - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for BKEM and SPEM. For additional features, visit the drawdowns tool.
Volatility
BKEM vs. SPEM - Volatility Comparison
BNY Mellon Emerging Markets Equity ETF (BKEM) has a higher volatility of 4.78% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 4.45%. This indicates that BKEM's price experiences larger fluctuations and is considered to be riskier than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.